Small Holders under Risk

Greg Hertzler and T. Gordon MacAulay

No 139791, 2006 Conference (50th), February 8-10, 2006, Sydney, Australia from Australian Agricultural and Resource Economics Society

Abstract: A generalisation of previous household models is developed to include production, consumption, storage, labour and land allocation decisions under price, yield, storage and investment risks. Implications drawn from this model include, that consumption can be a hedge against price risk and that supply curves are shifted by consumption and by storage decisions. Production possibilities frontiers depend upon the households’ aversion to risk and the allocation of land to different crops is affected by every other decision the household makes. Using hypothetical data and focussed on farm households in Vietnam, parameters are estimated for the model and simulations are carried out to examine the consequences of land exchanges and shifts in technology.

Keywords: Agricultural and Food Policy; Consumer/Household Economics; International Development; Production Economics (search for similar items in EconPapers)
Pages: 23
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/139791/files/2006_hertzlermacaulay.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aare06:139791

DOI: 10.22004/ag.econ.139791

Access Statistics for this paper

More papers in 2006 Conference (50th), February 8-10, 2006, Sydney, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().